Dexari supports a range of order types for both Spot and Perps trading, giving you flexibility and control over your trades. This guide explains each order type, how it works, and which options you can set.
A market order buys or sells instantly at the best available price. Use this when you want your order to fill immediately, regardless of price slippage.
Where you can use it: Spot and Perps trading
Parameters:
Order size: The amount to buy or sell (in USD or the asset, for example, BTC). Must meet the minimum order size ($10 equivalent).
Reduce Only: (Perps only) Ensures the order only reduces or closes an existing position.
Time-in-Force: Always immediate. Market orders cannot rest on the book.
A limit order lets you set the exact price at which you want to buy or sell. The order will only fill at your chosen price or better. If the market never reaches your price, the order will remain open until filled or canceled.
Where you can use it: Perps and Spot trading
Order parameters:
Price: The price at which you want to buy or sell.
Order size: The amount to buy or sell (in USD or the asset). Must meet the minimum order size ($10 equivalent).
Time-in-Force (TIF): Determines how long your order remains active.
Reduce Only: (Perps only) Ensures the order only reduces or closes an existing position.
Limit orders let you control the exact price where you enter or exit a trade.
A scale order places multiple limit orders at different price levels, allowing you to enter or exit a position gradually. You can specify the price range and number of orders.
Where you can use it: Perps and Spot trading
Order parameters:
Price range: The range of prices over which to place orders.
Number of orders: How many limit orders to place within the range: minimum 1 order, maximum 100 orders.
Skew: Controls how order sizes are distributed across the price range. Choose between even distribution or skewing more size toward one end of the range (e.g., more at the top or bottom).
Order size per order: The amount for each order (in USD or the asset).
Time-in-Force (TIF): Determines how long each order remains active.
Reduce Only: (Perps only) Ensures each order only reduces or closes an existing position.
Scale orders are useful for laddering into or out of a position, especially in volatile markets.
A TWAP order breaks a large order into smaller parts and executes them over a set period. This helps minimize market impact and slippage.
Where you can use it: Perps and Spot trading
Parameters:
Total order size: The total amount to buy or sell (in USD or the asset).
Duration: The total time over which the order will execute: minimum 5 minutes, maximum 24 hours.
Interval: Each suborder is placed every 30 seconds.
Randomize: If enabled, each suborder is placed at a slightly random time within each interval, making the execution less predictable to the market.
Reduce Only: (Perps only) Ensures the order only reduces or closes an existing position.
How it works:
The total order is split into equal-sized suborders, each sent every 30 seconds.
Each suborder has a maximum slippage of 3%.
If a suborder does not fully fill, the TWAP will try to catch up in later suborders (up to 3x the normal suborder size).
If too many suborders do not fill, the TWAP may not fully complete by the end of the duration.
TWAP is best for large trades or when you want to avoid moving the market price. Randomize can help disguise your execution pattern from other traders.
A stop market order triggers a market order when the market reaches a specified price (the trigger price). This is often used for stop-loss or breakout strategies.
Where you can use it: Perps trading
Parameters:
Trigger price: The price at which the stop order activates.
Order size: The amount to buy or sell (in USD or the asset).
Reduce Only: Ensures the order only reduces or closes an existing position.
Take Profit and Stop Loss orders let you automatically close a perps position at a target price (TP) or to limit losses (SL). You can attach TP/SL to any perps order, including partial amounts, at entry or after opening a position. TP/SL can be managed from the Trade or Portfolio tab from the position cards. If both TP and SL are set and one triggers, the other is canceled.
Where you can use it: Perps trading
Parameters:
TP price: The price at which to take profit.
SL price: The price at which to stop loss.
Order size to close: The amount to close (in USD or the asset).
How it works: TP/SL orders are automatically market orders. You can set a limit price and configure the amount of the position to have a TP or SL.
TP/SL orders are a powerful way to automate risk management and lock in profits on perps positions.
Reduce Only: (Perps only) Ensures the order only reduces or closes an existing position. If you use Reduce Only, your order will never increase your position size or flip your direction. This is useful for closing or scaling out of perps positions without accidentally increasing your exposure.
Post Only: (TIF: ALO) Ensures the order only adds liquidity to the book. Post Only helps you avoid taker fees.